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06-21-2021, 05:54 AM | #10231 |
MVP
Join Date: Mar 2019
Location: KC
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Posts: 7,497
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06-21-2021, 06:50 AM | #10232 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
And yes, I’m being generous with pivot point too. Didn’t know how else to show/name a “change” in direction point. Trying to provide some basic guidance for these meme stock bros in here. |
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Posts: 46,068
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06-21-2021, 07:05 AM | #10233 |
MVP
Join Date: Mar 2019
Location: KC
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Bitcoin taking an uppercut to the chin today Mike Tyson style.
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Posts: 7,497
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06-21-2021, 08:19 AM | #10234 | |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Quote:
I tend to not try to force a particular name to the proposed pattern because when it comes to trend line and support\resistance analysis it can all get very subjective. The important thing is to recognize a consolidation pattern in general. But this particular chart is almost one for the text books if it holds. You have some classic teaching examples. Breakout above resistance on the 5th attempt with high volume no less Gap to the upside Re-filling the gap Returning to the resistance line which has now become support (assuming it holds) That's a classic chart to teach many aspects of chart reading right there. |
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06-21-2021, 08:26 AM | #10235 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Posts: 129,405
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06-21-2021, 10:02 AM | #10236 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Who’s ****ing with AMC today!?!?!
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Posts: 46,068
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06-21-2021, 10:28 AM | #10237 |
MVP
Join Date: Jan 2013
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Posts: 10,753
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06-21-2021, 10:29 AM | #10238 |
New and Improved
Join Date: Mar 2002
Location: Springfield, Mo.
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CTXR has taken off again.
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Posts: 21,879
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06-21-2021, 02:09 PM | #10239 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,068
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06-21-2021, 02:14 PM | #10240 |
Stroking to the SB Champs!
Join Date: Aug 2000
Location: Flatlands of Kansas
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Posts: 39,852
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06-21-2021, 02:21 PM | #10241 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Stock did not confirm upward trend so nothing was initiated today. We had price target of 58.20 and it only got to 58.16 and then sold off. This is how to trade on momentum. We keep it on our watchlist.
If you initiated a trade on this today, you’d just be guessing. Hope this helps show how/when to initiates trades for improved success. I don’t mind taking some requests if anyone has a question on a chart. I could at least show you what I look for and others like Pete can also share input. There’s some knowledgeable guys here and it’s all very interesting to see technique. |
Posts: 46,068
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06-21-2021, 07:24 PM | #10242 |
Fish are scared of me
Join Date: Nov 2001
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Look at this ASSHOLE!
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Posts: 40,779
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06-22-2021, 07:19 AM | #10243 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
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Hedgies spent $500M on shorts yesterday (9.47M shares x average price $55 [very liberal estimate]= $520M) to drop it a couple %
The apes are absolutely winning |
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06-22-2021, 09:33 AM | #10244 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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WWE made a move today. I got in 58.20.
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Posts: 46,068
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06-22-2021, 02:33 PM | #10245 |
It was not a fair catch
Join Date: Aug 2012
Location: Correcting papers
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Posts: 37,896
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